Fifteen percent of rentals at 678 Edgewood project will be reserved as affordable housing, per developer Columbia Ventures
Source: Urbanize Atlanta
Source: Urbanize Atlanta
While it’s only a few stories out of the ground and a year from completion, a mixed-use development where the BeltLine meets Edgewood Avenue is signing retail tenants that could interest legions of intown Atlantans.
Dillon Baynes, Columbia Ventures’ managing partner, tells Urbanize Atlanta the company’s next phase of Studioplex redevelopment has recently signed leases with Emerald City Bagels and fit-boxing gym VESTA.
For the popular New York-style bagel shop, operated by mother-daughter duo Deanna and Jackie Halcrow, the location beside the Eastside Trail will be the first outside of East Atlanta Village, where the former pop-up business opened its first brick-and-mortar in 2018.
VESTA, the fitness concept, is being forced to vacate the 774 Ponce de Leon Avenue gym location it opened in 2015 in light of pending redevelopment that could also claim Ponce stalwarts such as The Local and MJQ.
Source: Urbanize Atlanta
A new 114-unit building at 678 Edgewood, part of the 23-year-old Studioplex development on Atlanta’s BeltLine, shows how multifamily developers have adjusted to the realities of pandemic apartment hunting.
Columbia Ventures is outfitting the $37 million project with 80% studios and one-bedrooms, a unit mix that might have once seemed “avant-garde” to other apartment developers,” said the firm’s managing partner Dillon Baynes. Even today, many developers still plan just 50% of their units as studios or ones.
Baynes, however, said times have changed.
“COVID solidified our thesis,” Baynes said. “A lot of folks want to live without a roommate.”
Source: Atlanta Business Chronicle